ADP Employment Stays According to Forecast
ADP Employment Stays According to Forecast
Employment in the US has risen to 216K from a prior number of 170K and a survey of 215K. Revision was stronger coming in at 173K
Feb 2012 vs. Jan 2012
ADP Employment: 110,249 vs 110,033
Level Change: 216 vs 173
Prev Change: n/a vs 170
- Login to post comments
ISM’s Nieves on the Wires
ISM’s Nieves on the Wires
Says:
- Growth is ‘pretty strong’
- Price increases are a concern for outlook
- Rise in fuel prices may lead to cost cutting
- Members not yet saying costs impeding growth
- Jobs outlook ‘still a little bit mixed’
- Login to post comments
US Factory Orders and Non-Manufacturing Composite Both Better Than Expectations, ISM Highest Since Feb 2011
ISM Non-Manufacturing Composite: Survey: 56.2 Actual: 57.3 Prior: 56.8
Business Activity 62.6 vs 59.5
Backlog of Orders * 53.0 vs 49.5
Inventory Change * 53.5 vs 47.0
Employment 55.7 vs 57.4
Factory Orders: Survey: -1.5% Actual: -1.0% Prior: 1.1% Revised: 1.4%
- Login to post comments
Fed’s Bullard on the Wires
Says:
- U.S. Economic data ‘better than expected’
- Fed never takes anything ‘off the table’ on policy
- The probability of a serious meltdown in Europe has weakened
- The fed rate will rely strongly on economic performance
- U.S. still faces risks from Europe crisis
- $4 dollars for gasoline not slowing consumers down
- $5 dollars for gasoline would change priority of many drivers
- Progress shown in Europe on “fiscal pact”
- U.S. could weather a recession in Europe
- Does not want to ‘reinflate’ U.S. housing bubble
- Login to post comments
IMF on the Wires Regarding Irelands Future
Beaumont says:
- Risks on high side for Ireland
- Estimates Ireland needs 14 billion in market funding in 2013
- ‘Sufficient’ Irish market return in 2013 uncertain
- Irish debt sustainability ‘remains fragile’
- Irish economy faces great struggles
- ‘Lot of consensus’ among troika on Anglo Irish notes
- Anticipates no impact from treaty campaign on program
- Urges enhanced support for Ireland from Europe
- Login to post comments
ISM Manufacturing and Construction Spending Drop, Prices Paid Higher
ISM Manufacturing: Survey: 54.8 Actual: 52.4 Prior: 54.1
Feb vs Jan 12′ Breakdown
Production: 55.3 vs 55.7
New Orders: 54.9 vs 57.6
Employment: 53.2 vs 54.3
Inventories: 49.5 vs 49.5
Prices: 61.5 vs 55.5
Order Backlogs: 52.0 vs 52.5
ISM Prices Paid: Survey: 58.0 Actual: 61.5 Prior: 55.5
Construction Spending: Survey: 1.0% Actual: -0.1% Prior: 1.5% Revised: 1.4%
USD/JPY moves to the downside a bit.
- Login to post comments
